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Media 2016

Catch up with the latest media from 2017/18 featuring Mike Thomas, founder of DebtWizard.com.

BBC

Radio shows less than 30 days old will be on the BBC iPlayer, we have given you the link and time line to find just Mike Thomas's clip.

LBC

Our Mike Thomas is a regular guest in the LBC studio for The Money Hour taking calls, emails or texts from listeners looking for information on debt issues. For each show we list callers, topics and timeline of the audio to make it easier to access the information.

Clive opens by asking Mike if those customers with payday loans from Wonga still have to pay the debts back. Clive then asks Mike who is most likely to buy the debt book from the Wonga after it recently went into administration as reports were emerging that Church of England (C of E) is an interested purchaser.

Mike explains why he feels it will not be the C of E that will buy the debt book but instead a consortium, possibly set up by the church, and if this takes place why this might be seen as contentious.

Mike reminded Clive that consumer debts are already being sold off cheaply all the time by the banks and credit card providers. The purchaser is always a debt collector who then goes on to claim 100% of the loan amount outstanding, so Mike asks why treat Wonga customers any differently?

Mike Thomas was in the studio with Dave Monk just after 6pm offering help to those customers caught up in the Wonga Payday loan demise. Mike explained why Wonga are in trouble and what their customers can do if they already have loans as well as what chances they have of receiving any compensation on claims now that Wonga have gone into administration.

Mike then offers alternatives to payday loans illustrating the huge difference in cost when compared to a credit union. Mike closes going through the problems with credit card debt when people only make minimum payments and shows how a simple debt of £2,600 on a credit card can take up to 25 years and 7 months to repay.

Mike Thomas was talking to Darren about the Citizens Advice report on rising household debt. Mike goes through the debt options available to someone with debt problems and why consumers get into debt.

Are you in debt but don't know where to start?

If this is you then we offer information on what to do when you have a debt issue, who to contact for help, how to take control of your situation, what to say to your lenders / debt collectors and that importantly how not to pay thousands of pounds in fees.

Below is the free podcast from Mike Thomas's, founder of DebtWizard.com, appearance on LBC's Money Hour on Monday, 27 August 2018, with Clive Bull. It's free to listen to. On this show, Mike, aka DebtWizard, talks to Clive about the latest news affecting consumers with debt issues, takes calls, texts and emails from listeners around the country.

Topics & Timeline

We have added a list of the topics and timeline of the audio to make it easier to access certain parts of the show. Just click below to start listening. Just move the timer on the podcast below to the part of the show that interests you the most. All news bulletins have been removed by LBC.

Mike Thomas spoke to Jonathan Vernon-Smith about the recently released report by the Citizens Advice on the rise in household debt and the use of Enforcement Officers (Bailiffs) to collect debts such as council tax. Mike then offers his view on bailiffs and explains why we need them to collect debts. Mike then explains how many consumers and households pay credit card debts in preference to council tax and other priority debts.

Mike Thomas aka DebtWizard spoke to Clive Bull about the Police Federation of England & Wales report on how nearly 10,000 police officers have taken a second job to help pay debts, Mike then gives examples of how and why police officers get into so much debt.

Below is the free podcast from Mike Thomas's, founder of DebtWizard.com, appearance on LBC's Money Hour on Sunday, 5 August 2018, with Clive Bull. It's free to listen to. On this show, Mike, aka DebtWizard, talks to Clive about the latest news affecting consumers with debt issues, takes calls, texts and emails from listeners around the country.

Topics & Timeline

We have added a list of the topics and timeline of the audio to make it easier to access certain parts of the show. Just click below to start listening. Just move the timer on the podcast below to the part of the show that interests you the most. All news bulletins have been removed by LBC.

Mike Thomas founder of DebtWizard.com was talking to Johnathan Vernon-Smith on the impact the Bank of England interest rate rise could have on consumers with credit card debt and those already in some form of debt solution such as Debt Management Plan (DMP) or an Individual Voluntary Arrangement (IVA).

Mike explains how any interest rate rise could make monthly payments in an agreed payment plan to creditors come under strain and offers information on what can be done to help those affected.

Jonathan then asks Mike about the benefits of 0% interest balance transfer on credit cards and how these can be a good thing, can't they? Mike surprises Jonathan with his reply and warns why these are under review by the regulator as they do not work well for everybody.

Mike then slips in the actual cost to the credit card borrower for every £1 they have on their credit card when they make just the minimum payments each month. It's a real concern and all credit card borrowers should be aware of the sums involved.

Mike Thomas founder of DebtWizard.com was talking to Jumoke Fashola about the rising household debt, the key triggers why people get into debt, including police officers, and where they can go to get that important free debt advice.

Mike then reveals options/solutions available to consumers with debt issues, where consumers can go to get help and how to avoid paying debt management fees.

Mike also goes through his bespoke five point guide on what to do if you are in debt and don't know where to start.

Mike Thomas will be talking to Roberto Perrone about the very sad and shocking true story of Croydon teenager Jerome Rogers who took his own life after struggling to deal with just two unpaid £65 traffic fines, one for a no right turn and the other for driving in a bus lane.